Ethanol producers finally seen reining in production as market hits back hard

In New York state, Reuters reports that ethanol production is set to reduce significantly across the Midwest as producers respond to market signals including low and negative margins, increasing stocks and slow export demand despite additional demand from summer driving season and the recent deregulation of year-round E15. Production and stocks are at the highest seen since 2010 while margins are at the lowest in four years. Corn futures are currently trading at the highest level since 2013, digging deeper into margins which should help rein in ethanol production.